Analytical book review comparing the (Rivoli, Pietra. 2005. The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power and Politics of World Trade) with Naomi Klein, The Shock Doctrine: The Rise of Disaster Capitalism

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Analytical book review comparing the (Rivoli, Pietra. 2005. The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power and Politics of World Trade) with Naomi Klein, The Shock Doctrine: The Rise of Disaster Capitalism - Admission/Application Essay Example

From giving all the comforts, to being the bone of contention, it is having an effect on all aspects of our lives. Finance or economy continues to play an important role in the lives of individuals, or even…

Extract of sample "Analytical book review comparing the (Rivoli, Pietra. 2005. The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power and Politics of World Trade) with Naomi Klein, The Shock Doctrine: The Rise of Disaster Capitalism"

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When one looks at the annals of history, it is a clearly proven that for a nation to reach the top echelons, mainly in the aspect of providing its people the needed comforts and also to gain superiority over other nations, its economy has to be strong. The economy of any country can be strengthened only if there is optimum trade of all the commodities including basic commodities like T-shirts. As the book, “The Travels of a T-Shirt in the Global Economy” written by Pietra Rivoli
Pietra Rivoli wrote the book “The Travels of a T-Shirt in the Global Economy” stimulated by a student anti-sweatshop protests that took place in Georgetown. That is, when an activist through the microphone asked the crowd gathered, "Who made your T-shirt?", it initiated the thought process regarding Free trade and globalization in Rivoli’s mind. A thought that is ‘seeded’ into an author’s mind is outputted in his or hers work. That ‘seeding’ of thought could be initiated or influenced by the ‘system’ in which the author lives or lived. Most times an author writes what he/she sees, feels and lives. So, my perspective of Rivoli’s main purpose in writing this book is to discover and discuss a thought that got seeded in her mind. ‘Seeded’ by that question, she bought a six dollar T-shirt at Walgreens in Fort Lauderdale, Florida and traces the T-shirts’ path before reaching the store in Florida. So, by chronicling the round-the-world journey of a T-shirt, starting from Texas cotton-growers to a Tanzanian used-clothing bazaar, she wanted to explore and discuss how the work economy works in the era of free-trade and globalization. Rivoli to discuss this aspect starts the journey at cotton fields of Texas, where the cotton is grown, then she travels to a factory in Shanghai where the cotton is spun into yarn, knitted up in the form of a cloth and finally sewn into a T-shirt. The shirt returns to the United States, but again travels to
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...). The worldeconomy’s drastic globalisation kindles passions. There are those who view globalisation as the way to progress and progress as the solution to political problems, while there are those to view globalisation as an unavoidable but not essentially positive development of globalmarkets (Madeley 2004). Yet others aggressively resist globalisation as a naturally vicious force. NaomiKlein’s Assumptions in the Current Globalisation Process As the process of globalisation progresses, the boundaries between camps solidify and the debate becomes louder. Recently, anti-globalisation demonstrations became aggressive,...

... to the most favored nation status being given to China by US government and allows the Chinese government to make rules as it sees fit. The book clearly tells through the simple story of a T-shirt how politics rather than the market forces are vital in the textile industry. Both USA and China have been using politics in order to stall competition and gain an advantage in the world textile market. Bibliography Rivol, Pietra. The Travels of a T-Shirt in the GlobalEconomy: An EconomistExamines the Markets, Power, and Politics of WorldTrade . New York: John Wiley and Sons, 20009.... 9th November The Role of Politics and Public Policy in the GlobalEconomy “The Travels of a...

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...corporations are not only selling to foreign nationals over the internet but are also actually relocating their production facilities in search of overseas markets. Since 1990s the concept of globalization has brought in revolution in the manner we trade internationally. However this new globaleconomy has redefined the political equations in the globe and is continuing to do so with changing balance of economic power. This paper essentially examines this phenomenon.
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...explains through examples how a free market works and what are the hurdles in its operation. Some of the issues that are very dear to the policy makers and finance ministry experts, like crop subsidies, textile quotas, and the way donated clothing has turned out to be an independent textile market have been dealt with, along with the analysis of globalization in action. The conclusions of the author are realistic. The book is not pro-something, but highlights the current scenario of the textile trade. Through the T-shirt, she distills finer aspects of political and economic lessons in the context of...

...Red Capitalism The book Red Capitalism was published in and written by two Carl E. Walter and Fraser J. T Howie. Both have abundant financial and banking experiences as well as living experience in China. China is a communist country and therefore, its banking system is controlled by the government. The book starts with introduction of reforms from 1992 to 2005 and end of reform in 2005 and then briefly introduces several financial entities and instruments in China that are used to reform its financial system and to facilitate economic development. It also gives readers an idea of how government runs China’s financial...

...(loans and grants), government grants to cover losses made by business and a guaranteed on the factor cost of a product.
Subsidies make sense in various demand and supply situations of the economy. The travels of T-shirt in GlobalEconomy represents some of the scenarios in which subsidies may play a crucial role in the examination of market forces, power and politics of worldtrade (Rivoli, 2015). The overall international trade topic is a very crucial topic to discuss in the abstract though when...

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